The property features two 1,400 sq ft suites on the main level (one currently leased) and over 3,000 sq ft on the upper level, with 750 sq ft already occupied, 3 small office spaces (+/- 250 sq ft each), and a basement tenant with 1,400 sq ft of storage space.The building generates $6,000 in monthly gross income from its five tenants, but with full occupancy and market-rate rents, it has the potential to bring in $10,000+ per month.Given its historical significance, stunning architectural details, and location, I’m curious about your opinion: Would this property be more marketable for sale with or without the current tenants?

It doesn't bring the annual gross income which is huge in helping someone to decide if the deal is worth it.

@Ivana Ivanovic I would say 8% is low to cover both vacancy AND repairs.If you expect to incur just one month of rent lost every 12 months, you'd be looking at an 8.33% (1/12 of gross annual income) vacancy rate.And, even for a brand-new build, you're going to have some repair/maintenance costs as long as you've got human tenants.

It does not matter where in the country you are, or what anyone tells you, if a residential GC has been in business for more than 10 years their gross markup is 50-100%.

I believe in practice it does not actually offset the capital gains but reduces my taxable income dollar for dollar with the loss, as long as my Modified Adjusted Gross Income (MAGI) is under $150K.

I’m assuming the $6K/month goal is net, not gross, which could be tough to reach in the given timeline, but it's your goal to set, not mine.I’m curious about why you're aiming for multifamily (MF) properties, especially what I assume are larger ones.

Thanks in advanceHey Donnie, Every property manager takes a certain percentage of your monthly gross rent.

The biggest downside to me of retail or industrial is that any vacancy is likely going to sit a long time, and cost a lot of money to fill (6% commissions to leasing agents on the full gross rent over the entire term and TI buildouts/allowance that can run into the tens of thousands and up).  

I am 98% in the Tampa marketHowever, I am originally from Atlantic City NJ area and actually manage 1 outside of AC and had previously managed a couple in the Long Beach Island area.Obviously very seasonal market but the one I have in Ventnor was bought for around $800k and grosses around $120k per year, 80% coming MDW-LDW

Bringing the gross rental income to $5,800 - $7,500 a month before expenses and cap x.